Offshore foundation
From Wikipedia, the free encyclopedia
An offshore foundation is simply a conventional foundation that is formed under the laws of an offshore jurisdiction. Like conventional foundations they are generally a low tax entity, just with less "red tape" and reporting requirements. Foundations are mainly used for altruistic or estate planning purposes.
The types of offshore foundation are:
- Austrian Foundation
- Bahamas Foundation
- Liechtenstein Foundation ("Stiftung")
- Luxembourg Foundation
- Netherlands Antilles Private Foundation ("Stichting Particulier Fonds")
- Nevis Multiform Foundation
- Panama Charitable Foundation
- Panama Private Interest Foundation
- Saint Kitts Foundation
In terms of the legal structure, an offshore foundation lies somewhere between an offshore company and an offshore trust.
[edit] See also
[edit] External links
- All about Panama Private Interest Foundations (may be biased)
